Sunday, September 15, 2024

g-f(2)2903 The Future of Sports is Digital: Lessons from the Paris 2024 Olympics

 


genioux Fact post by Fernando Machuca and Gemini


Introduction:


The Paris 2024 Olympic Games marked a significant milestone in the integration of digital technologies into major sporting events. This INSEAD Knowledge article "How Digital Technologies Powered the Olympic Games" explores how advancements in areas like cloud computing, AI, and sensors revolutionized the Olympic experience for both athletes and viewers.



genioux GK Nugget:


"Digital technologies, including the cloud, AI, and sensors, played a pivotal role in enhancing athlete performance and delivering an immersive viewing experience at the Paris 2024 Olympics, showcasing the transformative power of digital innovation in the world of sports." — Fernando Machuca and Gemini, September 15, 2024



genioux Foundational Fact:


The Paris 2024 Olympics leveraged digital tools to optimize athlete training and strategy, create engaging content, and personalize the viewing experience, demonstrating a successful shift towards a digital-first approach in major sporting events.



The 10 Most Relevant genioux Facts:


  1. Athlete Empowerment: Cloud, AI, and sensors provided real-time data and insights, empowering athletes to refine their performance and strategies.
  2. Enhanced Viewing Experience: Live streaming with instant replays, multi-angle views, and AI-powered real-time editing and translations enriched the viewer experience.
  3. Digital-First Olympics: Paris 2024 was the first Olympics where internet live-streaming viewership exceeded that of traditional television broadcasts.
  4. Efficient Content Creation: Digital technologies streamlined content production and distribution, allowing for greater efficiency and a lower carbon footprint.
  5. Cloud-Based Platform: Alibaba's cloud-supported Content+ platform facilitated the delivery of short-form and social media content, increasing accessibility and engagement.
  6. Personalized Content: AI algorithms enabled the creation of personalized highlight reels, catering to individual viewer preferences.
  7. Cost Reduction: The use of digital technologies led to cost savings in content production and distribution.
  8. Environmental Sustainability: Reduced reliance on human resources and physical infrastructure contributed to a lower carbon footprint for the Games.
  9. Global Reach: Digital platforms allowed for broader global access to Olympic content, engaging fans worldwide.
  10. Lessons for the Future: The Paris 2024 Olympics provides valuable insights into the potential of digital technologies to elevate future major events and enhance the overall experience for all stakeholders.



Conclusion:


The Paris 2024 Olympic Games exemplified the transformative power of digital technologies in the world of sports. From empowering athletes to creating immersive viewing experiences, the integration of cloud computing, AI, and sensors has set a new standard for major sporting events. As technology continues to advance, we can expect future events to leverage these innovations even further, creating more engaging, personalized, and sustainable experiences for athletes and fans alike.



REFERENCES

The g-f GK Context


Chengyi Lin and Chris Tung, How Digital Technologies Powered the Olympic Games, INSEAD Knowledge, September 10, 2024.



ABOUT THE AUTHORS


Chengyi Lin is an Affiliate Professor of Strategy at INSEAD. His research primarily focuses on digital transformation and innovation for global and multi-national organizations.


Chris Tung is the President, of Strategic Development at Alibaba Group.



Classical Summary of the Article:


The INSEAD Knowledge article "How Digital Technologies Powered the Olympic Games" highlights the crucial role of digital innovations in enhancing the Paris 2024 Olympics experience for both athletes and viewers.


For athletes, technologies like the cloud, AI, and sensors provided real-time data and insights, enabling them to refine their performance and strategies. Meanwhile, viewers enjoyed an enriched experience through live streaming with instant replays, multi-angle views, and AI-powered real-time editing and translations. Notably, Paris 2024 marked the first Games where internet live-streaming surpassed television broadcasts.


Overall, the article demonstrates how digital tools like the cloud, AI, and GenAI revolutionized content creation, distribution, and personalization at the Paris 2024 Olympics, transforming the Games into a truly digital-first event. It showcases the potential of these technologies to elevate major events, offering valuable lessons for future organizers and broadcasters.



Chengyi Lin


Chengyi Lin is an esteemed Affiliate Professor of Strategy at INSEAD, renowned for his expertise in digital transformation. His research delves into digital strategy, innovations, and organizational transformation within global and multinational corporations¹.


Since 2013, Professor Lin has explored the strategic implications of digital technologies, including AI, and the essential factors driving successful business and operating model changes. He has developed unique strategy frameworks for twin transformation, encompassing both digital transformation and sustainable transition, as well as leading organizational change¹.


At INSEAD, Professor Lin has been a trailblazer in teaching innovations and digital transformation for executive education. He played a pivotal role in establishing INSEAD as a global leader in online executive education, designing and implementing the institution's online strategy¹. The programs he directed and developed have received numerous prestigious awards¹.


Beyond academia, Professor Lin is actively engaged in board memberships, consulting for multinational companies, and advising C-suite executives on digital transformation, strategic innovations, and leadership transition. He serves as a board member for Sanofi CHC Digital Advisory Board and is the youngest standing member of the European Executive Council¹. His mentorship extends to entrepreneurs and digital startups, including involvement with the Lafayette Plug and Play Accelerator¹.


Professor Lin holds a Ph.D. from Northwestern University, a certificate from Kellogg School of Management, and a B.Sc. from Tsinghua University¹. He regularly publishes thought leadership pieces in the Harvard Business Review and has been featured as an expert on digital transformation in major media outlets, including BBC, CNN, EuroNews, and Forbes¹.


For more information, you can visit his [INSEAD profile](https://www.insead.edu/faculty/chengyi-lin)¹.


¹: [INSEAD - Chengyi Lin](https://www.insead.edu/faculty/chengyi-lin)


Source: Conversation with Copilot, 9/15/2024


(1) Chengyi Lin - INSEAD. https://www.insead.edu/faculty/chengyi-lin.

(2) Chengyi Lin - INSEAD Knowledge. https://knowledge.insead.edu/author/chengyi-lin.

(3) Chengyi Lin | INSEAD Publishing. https://publishing.insead.edu/author/chengyi-lin.



Chris Tung


Chris Tung is a prominent figure in the tech and e-commerce industry, currently serving as the President of Strategic Development at Alibaba Group². With a wealth of experience and a strategic vision, he has played a pivotal role in driving Alibaba's growth and innovation.


Before his current role, Chris Tung was the Chief Marketing Officer (CMO) at Alibaba, where he focused on driving organic growth across the Alibaba portfolio, including Alibaba Cloud, Taobao, and Tmall¹. His marketing influence extended to the integration of AI into the Alibaba platform, enhancing personalized shopper experiences¹.


Chris Tung's leadership and strategic insights have been instrumental in positioning Alibaba as a global leader in digital transformation and e-commerce. His contributions have not only strengthened Alibaba's market presence but also fostered innovation and customer-centric solutions.


For more detailed information, you can visit his [Forbes profile](https://www.forbes.com/profile/chris-tung/)¹ or [INSEAD Knowledge](https://knowledge.insead.edu/author/chris-tung)².


Source: Conversation with Copilot, 9/15/2024


(1) Chris Tung | INSEAD Knowledge. https://knowledge.insead.edu/author/chris-tung.

(2) Chris Tung - Forbes. https://www.forbes.com/profile/chris-tung/.



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Categorization


This genioux Fact post is classified as Bombshell Knowledge which means: The game-changer that reshapes your perspective, leaving you exclaiming, "Wow, I had no idea!"


Type: Bombshell Knowledge, Free Speech



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REFERENCES



“genioux facts”: The online program on "MASTERING THE BIG PICTURE OF THE DIGITAL AGE”, g-f(2)2903, Fernando Machuca and Gemini, September 15, 2024, Genioux.com Corporation.


The genioux facts program has established a robust foundation of over 2902 Big Picture of the Digital Age posts [g-f(2)1 - g-f(2)2902].



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